Societatea de Transport București (STB), which is undergoing insolvency proceedings, is beginning layoffs. Approximately 880 employees will leave by the end of the year, and the first notices are set to be handed out next week, according to the president of the Bucharest Transporters Union, Vasile Petrariu. The figure cited by the union places the redundancies among the largest in the capital's public transport sector in recent years.
The opening of insolvency proceedings has put the company in a difficult financial situation, and reducing the number of employees is one of the measures aimed at returning operations to a sustainable footing. The operator plays a central role in Bucharest's public transport, so the way the process unfolds has direct effects on the services passengers receive in the city, as well as on those who lose their jobs and their families.
For employees, the prospect of losing their jobs means uncertainty about income and short-term stability. The union is monitoring that the legal procedures regarding notice periods, wage entitlements and any possible compensation are respected throughout the process, and the first stage, the handing out of notices, will set the pace at which the company's workforce is affected.
The layoff schedule extends over the rest of the year, meaning the redundancies will not be completed immediately but in stages. The information available does not yet specify the departmental breakdown of the affected positions or whether the cuts will affect all categories of staff equally, from drivers and technical personnel to administrative roles.
The union has confirmed both the figure of approximately 880 people and the completion deadline of the end of the year. Based on these details, the process will have a significant impact on the company's workforce, and its progress will be followed both by employees and by those who depend on the operator's services in their everyday lives.